Monday, March 27, 2017

Economic crisis: Stock-Market Fears Returns as Dow stares at longest losing streak in 6 years

Economic crisis: Stock-Market Fears Returns as Dow stares at longest losing streak in 6 years

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Video within: 2018: THE YEAR OF ROTHSCHILD INDUCED GLOBAL CURRENCY CHAOS?

Looks like the stock-market jitters have returned to Wallstreet as a new report is revealing that measures of risk are rising once again. This comes as the CBOE Volatility Index VIX, +12.50% closing at its highest level of the year in Thursday trade and jumping above its 200-day moving average, now at 13.54, Friday for the first time since December of last year. Right now, the VIX, also known as what is called the “Wall Street’s fear gauge” is creeping toward the long-term average, which suggests that it could attempt a firmer breakout, in the parlance of chart watchers.

Excerpt From Market Watch:
Broadly speaking, moving averages are used by technical strategists to help to judge if short-term and long-term directional momentum in a security is intact. Right now, the VIX, also known as Wall Street’s fear gauge is creeping toward the long-term average, which suggests that it could attempt a firmer breakout, in the parlance of chart watchers.

Dow plummets 150 points as global markets fall on Trump’s health-care failure

Looks the recent Trump Health-Care flop has produced big ripples in Wallstreet as reports are indicating that Wall Street futures have underlined a global market sell-off on Monday as investors being concerned over the potential knock-on effects of U.S. President Donald Trump‘s surprise failure to deliver on health-care reform.
So how bad is it? Sources indicate that Dow futures were set for triple-digit losses, down around 150 points at 8:45 a.m. ET, after Republicans dramatically pulled their health-care bill on Friday. “The market’s patience is wearing thin,” Vasileios Gkionakis, head of global FX strategy at Unicredit, told CNBC on Monday. “It definitely doubts the U.S. administration’s ability to push forward (with) this so much talked and discussed agenda including the fiscal stimulus, tax deregulation, tax cuts,” Gkionakis added.

US Dollar Sees lowest Drop Since November as Trump trade deflates

Looks like “Happy Days” are over for now as the US dollar has just reportedly slid to a four-month low against a slew of currencies on Monday as investors are weighing the prospects of a U.S. fiscal spending boost under President Donald Trump after his failure to push through a key healthcare reform bill. According to the report, Trump’s inability to deliver on a major election campaign pledge has marked a big setback for a Republican president whose own party controls Congress and is raising many doubts over whether he will be able to see through tax reforms and a big spike in spending.
Excerpt From Reuters:
The dollar was down 0.5 percent on the day against the basket of other major currencies used to measure its broader strength .DXY. At 99.038 in early London trade, the index had been at its lowest since three days after Trump was elected in November, before recovering to 99.132 by 1145 GMT. “I think the market is trying to establish whether or not there is too much optimism about reflation priced into the U.S. dollar,” said Rabobank currency strategist Jane Foley, in London.